Dutch bank ABN AMRO fined over shortcomings in anti-money laundering framework

World : Dutch Bank ABN AMRO Fined Over Shortcomings In Anti-Money Laundering Framework

THE HAGUE, July 10 (Bernama-Xinhua) -- The Dutch central bank (DNB) said on Thursday that it had imposed an administrative fine of 8.5 million euros (US9.7 million) on ABN AMRO Bank N.V., one of the Netherlands' largest banks, over serious shortcomings in its anti-money laundering controls between September 2023 and September 2024.

👨🏿‍🚀TechCabal Daily – Holcim’s billion dollar windfall

In today’s edition: Nigeria’s Central Bank fines 29 banks 9 million || CBN to penalise banks for cash shortages || Holcim to sell its Lafarge business for 1 billion || Nigerian BDCs to buy forex from authorised sellers

ABN Amro fined €8.5 million for inadequate money laundering checks

De Nederlandsche Bank (DNB) imposed a fine of 8.5 million on ABN Amro for inadequate anti-money laundering controls between September 2023 and September 2024.

20 transactions, $5.1M transferred to Tornado Cash – Aftermath of the Jaredfromsubway.eth attack

Are DeFi protocols and current bridges unknowingly aiding the flow of illegal money?

N1.32bn Fraud: EFCC arraigns ex-MD of Port Harcourt refinery, Dikko

By Ikechukwu Nnochiri ABUJA — The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned the former Managing Director of Port Harcourt Refining Company Ltd (PHRC), Mr. Ahmed Adamu Dikko, before the Federal High Court in Abuja on a 12-count money laundering charge. Dikko, who led the Port Harcourt Refining Company for about four years, [] The post N1.32bn Fraud: EFCC arraigns ex-MD of Port Harcourt refinery, Dikko appeared first on Vanguard News.

The interconnection advantage for Ghana’s financial future

Across Africa, banking is no longer confined to vaults and branches. It is now wired into fibre routes, data centres, and the invisible handshake between networks. Ghana is no exception.

The Fiat Money Maestro

The Fiat Money Maestro

Standard Bank Becomes The First Bank On The Continent Authorised To Clear Renminbi Transactions

Standard Bank, the biggest bank in Africa by assets, and the Industrial and Commercial Bank of China Limited (ICBC) have been jointly authorised by the People’s Bank of China (PBoC) to clear Renminbi (RMB) in Africa. Standard Bank is the first African based bank to receive this authorisation. In November 2025, the bank also became []

Wed: Banks again buck market

The banks again rose today as Delek and Teva led the declines.

Kerajaan hargai komitmen industri perbankan bantu PMKS akses kewangan mudah – PM

PUTRAJAYA: Datuk Seri Anwar Ibrahim menghargai komitmen industri perbankan dalam memperluas akses kewangan yang lebih mudah, berpatutan dan bertanggungjawab terutama membantu pelanggan individu dan perusahaan mikro, kecil dan sederhana (PMKS). Inisiatif tersebut merangkumi pengenalan Kad Kredit Asas, pemansuhan caj RM1 bagi pengeluaran wang tunai di ATM bank, serta bantuan bersasar kepada peminjam dan PMKS yang ... Read more The post Kerajaan hargai komitmen industri perbankan bantu PMKS akses kewangan mudah – PM appeared first on Utusan Malaysia.

CBN warns against rejection of standard ₦100 note, says it remains legal tender

The Central Bank of Nigeria, CBN, has assured Nigerians that the standard 100 banknote remains legal tender, warning that anyone rejecting it for transactions is violating the law. In a statement by the Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said its attention had been drawn to reports that some individuals, businesses, and other stakeholders [] CBN warns against rejection of standard 100 note, says it remains legal tender

Council of Europe: Romania improved anti-money laundering measures, but shortcomings persist

Council of Europe: Romania improved anti-money laundering measures, but shortcomings persist

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

Indonesia launches major restructuring of state construction firms

Indonesia’s State-Owned Enterprises Regulatory Agency (BP BUMN) has enlisted the Association of State-Run Banks ...

Lim Guan Eng says Malaysian banks’ RM54.8b profit can fund MSME loan relief measures

KUALA LUMPUR, July 9 — The banking industry’s higher profits in 2025 show that banks can afford to provide m...

‘Anong agenda?’: Why banks are removing transfer fees for digital transactions

Why are banks suddenly waiving their transfer fees? Filipinos have long been accustomed to paying additional fees for digital transactions via online banking, with InstaPay transactions usually costing P10 and PESONet transactions around P50. InstaPay transactions allow customers to transfer funds almost instantly between banks and non-bank e-money issuer accounts in the country. PESONet transactions, [] The post ‘Anong agenda?’: Why banks are removing transfer fees for digital transactions appeared first on Interaksyon.

ATM story: Banks move to cash recyclers

ATM story: Banks move to cash recyclers

ABN Amro fined €8.5m over money laundering control failures

The Dutch central bank (DNB) has fined ABN Amro 8.5 million for serious failings in the way it checked high-risk...

Visa Is Having a Rare Down Year. Is the Cash Flow Machine Finally a Bargain?

It's underperforming the market.

Abay Bank to Register as Fifth Institution on ESX as Weekly Trading Volume Hits Historic 1 Billion Birr Milestone

In its ongoing efforts to make the country’s capital market ecosystem accessible, the Ethiopian Securities Exchange (ESX) has announced that it has officially admitted Abay Bank S.C. as its fifth registered financial institution, after the bank successfully met the stringent criteria and legal preparation processes required for the domestic bond and equity trading platform. According []

Anambra Court Orders Repayment of Debt to Chinese Businessman

An Anambra State High Court sitting in Onitsha, Southeast Nigeria, has reaffirmed the enforceability of commercial contracts by ordering the settlement of a debt owed to a Chinese businessman in a cross-border trade dispute. Delivering judgment, Justice Ifeanyi Nweze ruled in favour of Mr. Xu Jiang, whose China-based company supplied goods on credit to an [] The post Anambra Court Orders Repayment of Debt to Chinese Businessman appeared first on Voice of Nigeria.

IMF flags easy liquidity as driver of rapid credit growth in Kyrgyzstan

IMF flags easy liquidity as driver of rapid credit growth in Kyrgyzstan

RCBC expands unlimited free transfers service

TAGUIG CITY, PHILIPPINES — Rizal Commercial Banking Corporation (RCBC) is reinforcing its commitment to making digital banking more accessible by offering unlimited free InstaPay and PESONet fund transfers through its

BTH: Ellington on Banking Fees

BTH: Ellington on Banking Fees

Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants

A single European bank haggling with Amazon or Microsoft has almost no leverage. A few hundred of them haggling together might. That, stripped to its essence, is the recommendation Dutch regulators handed their government on Friday, in a report warning that Europe’s reliance on American technology is deepening rather than easing. The proposals came from [] This story continues at The Next Web

GBP Money Markets: Bank of England is supporting liquidity

EUROPE: Liquidity conditions look very healthy, and stable bank reserves are helping money markets. We think the terminal rate priced in by markets is too high and prefer positioning further out the curve. Tweaks to the Discount Window Facility increase the system's resilience against liquidity shocks

Corporate Origination in APAC: How Malaysian Banks Can Scale Efficiently in 2026

Corporate origination in APAC is becoming more selective, competitive, and operationally demanding. Malaysian banks need faster, data-driven, risk-controlled processes to scale efficiently in 2026. The post Corporate Origination in APAC: How Malaysian Banks Can Scale Efficiently in 2026 appeared first on Axe Finance.

Stripe’s Solana Stablecoin Push Brings Another Real Payments Use Case Into View

Stablecoins keep inching closer to the part of crypto that matters most in the long run: actual usage. Stripe’s move to support merchant settlement using USDC on Solana is another reminder that the payments story is star

राष्ट्र बैंकद्वारा २५ अर्बको ऋणपत्र जारी

काठमाडौं। नेपाल राष्ट्र बैंकले २५ अर्ब रुपैयाँको ऋणपत्रको बोलकबोलको लागि आह्वान गरेको छ। बैंकद्वारा आज जारी सार्वजनिक सूचनामा ऋणपत्र २०८४ ‘ङ’ अनलाइनमार्फत बोलकबोल गर्न सकिने उल्लेख छ। ऋणपत्रको बोलकबोलमा राष्ट्र बैंकबाट इजाजतपत्र प्राप्त ‘क’, ‘ख’ र ‘ग’ वर्गका बैंक तथा वित्तीय संस्था (काउण्टरपार्टी) मात्र सहभागी हुन पाउने उल्लेख छ। काउण्टरपार्टीले ऋणपत्रको बोलकबोलमा कबोल गर्न चाहेको []

COWZ: Cash Flow Discipline In A Regime That Could Finally Listen

COWZ: Cash Flow Discipline In A Regime That Could Finally Listen

Financial Stability is the Result of Strategic Planning and Effective Risk Management: Ruben Badalyan

The rapidly changing economic environment requires banks to possess not only agility but also strategic approaches. The role of financial

Conakry : il retire frauduleusement 199 millions à la BIG et à Ecobank, la justice le condamne à 3 ans de prison

Le tribunal correctionnel de Kaloum a condamné, ce mardi 7 juillet 2026, deux personnes pour faux et usage de faux, vol et complicité. Fodé Keïta et Mamadou Samba Diallo ont été reconnus coupables de retraits frauduleux d’une somme de 199 millions de francs guinéens à la Banque islamique de Guinée (BIG) et à Ecobank. Dans [] The post Conakry : il retire frauduleusement 199 millions à la BIG et à Ecobank, la justice le condamne à 3 ans de prison first appeared on Guineematin.com.